Tagged: europe

December 22, 2020 @ 10:20 pm By Omar Faridi  |  

Binance has welcomed digital assets derivatives exchange Mettalex (developed by Fetch.ai) to its decentralized finance (DeFi) ecosystem. Mettalex is teaming up with Binance Smart Chain in order to enable lower transaction fees to commodity derivatives traders and liquidity providers, according to a release. Vlad Dramaliev… Read More

December 22, 2020 @ 7:53 am By Samantha Hurst  |  

    Digital payments platform Wirex announced on Tuesday it has been named a principal member of the Visa Network in Europe. The company revealed it previously completed Visa’s FinTech Fast Track Programme and as a principal member, it will be allowed to issue Visa cards… Read More

December 21, 2020 @ 7:08 pm By Omar Faridi  |  

UK-based Cashaa, a digital asset exchange and banking service provider, has revealed that it’s listing on KuCoin exchange in order to promote the adoption of its native CAS token. As reported in July 2020, more than $3 million in Bitcoin (BTC) were allegedly stolen from… Read More

December 21, 2020 @ 1:35 pm By Samantha Hurst  |  

  Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More

December 20, 2020 @ 11:55 pm By Omar Faridi  |  

James Gibson, Head of Product at Revolut Business, notes that it’s their goal or mission to assist clients with getting more from their business accounts with powerful tools that allow them to have complete control over their finances. That’s why digital bank Revolut will be… Read More

December 20, 2020 @ 11:34 pm By Omar Faridi  |  

Europe-based online SME lender October noted that this year the Christmas holidays will be quite different for everyone. The digital lending platform pointed out that isolation and social distancing will limit the celebrations this holiday season. October also mentioned that for many small businesses, the… Read More

December 20, 2020 @ 10:37 pm By Omar Faridi  |  

Digital bank Monzo, which recently scored an additional £60 million investment, has revealed that personalized cards have now arrived for US customers. The Monzo team notes in a blog published on December 16, 2020, that they’re pleased to announce that they’ve introduced their newly designed,… Read More

December 20, 2020 @ 4:13 pm By Omar Faridi  |  

Robo.cash, a peer to peer (P2P) lending marketplace, has revealed that 40% of investors have “allocated over €20,000 on P2P platforms.” As mentioned in an update shared with CI, a recent survey carried out by the European P2P platform Robo.cash found that 2 out of… Read More

December 19, 2020 @ 2:47 pm By Omar Faridi  |  

Object Astra, a sweat equity platform intended for individuals who may have been furloughed or layed off during the COVID-19 pandemic and founded by former JPMorgan professionals, has officially launched operations in the United Kingdom. The Object Astra team states: “[We offer a] Platform to… Read More

December 18, 2020 @ 8:40 am By Omar Faridi  |  

US-based Wahed Inc, an Islamic-finance Fintech firm that’s backed by Saudi Aramco, is reportedly planning to acquire Niyah Ltd, a UK company that operates a digital banking platform for the Muslim community. Wahed’s management noted that they’re hoping the acquisition will allow them to offer… Read More

December 18, 2020 @ 8:06 am By Omar Faridi  |  

Peer to peer lending platform Bondora notes in an update post on December 17, 2020 that the normal trend for portfolio returns is to decline over a period of time as more origination payments are missed slightly. But in November 2020, Bondora portfolio returns were… Read More

December 18, 2020 @ 7:58 am By Omar Faridi  |  

Netherlands-based core banking platform Five Degrees has acquired €22 million in capital through an investment round that was led by Velocity Capital Fintech Ventures. Reggeborgh and Atlas Invest also took part in the round. Karmijn Kapitaal, 5Square and several other existing investors made contributions to… Read More

December 18, 2020 @ 7:48 am By Omar Faridi  |  

French mobile payments firm Lydia has extended its Series B investment round, raising an additional $86 million in capital led by Accel. Lydia’s total Series B funding currently stands at €131 million, which reportedly makes it the largest round ever closed by a French Fintech… Read More

December 17, 2020 @ 9:42 pm By Omar Faridi  |  

Online pension provider PensionBee has introduced a fossil-fuel-free fund, which has been developed through a partnership with Legal & General Investment Management  (LGIM). Emma Douglas, Head of DC at LGIM, remarked: “We believe that investing in companies who are positioned to capture the benefits from… Read More

December 17, 2020 @ 8:03 am By Omar Faridi  |  

Austria-based digital asset exchange Bitpanda has announced that it will be allocating €10 million in capital toward the development of a technology and innovation hub based in Poland, which will employ 300 additional staff members. Based in Krakow, the new hub is expected to effectively… Read More

December 17, 2020 @ 7:57 am By Omar Faridi  |  

The Luxembourg House of Financial Technology (LHoFT), an organization focused on driving innovation for financial services in Luxembourg by connecting the local and global Fintech industry participants, recently shared an update from Luc Falempin, the CEO at Tokeny Solutions, a company that aims to drive… Read More

December 15, 2020 @ 11:50 pm By Omar Faridi  |  

More UK-based consumers have been supporting their local independent businesses during the COVID-19 pandemic, according to research conducted by Nucleus Commercial Finance. The researchers revealed that the vast majority (96%) of UK consumers support their local businesses and 63% of them have made a special… Read More

December 15, 2020 @ 8:52 pm By Omar Faridi  |  

The Fintech sector has been growing rapidly across the globe, especially following the COVID-19 outbreak which has accelerated the shift towards digital financial services. Although the Coronavirus crisis has negatively impacted certain business sectors in Europe like travel and the hospitality industry, the European Fintech… Read More

December 14, 2020 @ 9:51 pm By Omar Faridi  |  

Lloyds Banking Group, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to run a 6-month trial or pilot of an invoice financing platform offered by Satago Financial Solutions. If the testing period… Read More

December 13, 2020 @ 11:55 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Magyar Nemzeti Bank (MNB) have entered into a co-operation Agreement (CA) in order to collaborate on various Fintech initiatives that will enhance Singapore and Hungary’s economy. The CA aims to establish a framework for Fintech collaboration between… Read More